New Scapegoat in Town

Some break the rules
And let you cut the cost
The insecurity is the thing that won't get lost
--Howard Jones

Ron Paul suggests that, with Democrats taking control of the House following the midterm elections, there is a new scapegoat in town once the economy and markets roll over. Whereas Donald Trump has recently been stirring up angst against the Fed, the president may find it politically expedient to divert blame for rough waters ahead to the opposition party.

Is The Fed Relieved?

Trump Can Now Blame House Democrats For The Coming Financial Storm pic.twitter.com/r83rVKUwZv

— Ron Paul (@RonPaul) November 7, 2018

Perhaps the Fed is breathing a sigh of relief.